Stable Shareholder Returns Aimed at Enhancing Shareholder Value and a 35% Payout Ratio
First written in FY2016. 14 of 39 entries say "Restated". Latest entry: 2026-06-25.
- FY2026RaisedAnnual report
「Regarding dividends, to use retained earnings for sustainable growth and increased shareholder value through measures including strengthening the research and development structure to meet market needs, investing to promote global expansion, and making flexible acquisitions of treasury shares, while providing appropriate returns to shareholders, the company changed its shareholder return policy from the fiscal year ending March 2027 to a target of a consolidated payout ratio of at least 50% and DOE of at least 3% (previously, a consolidated payout ratio of at least 45% and DOE of at least 2.5%).」
From the fiscal year ending March 2027, the company raised its target consolidated payout ratio from at least 45% to at least 50% and its DOE target from at least 2.5% to at least 3%. - FY2026-H1AdvancedAnnual report
「At a meeting of the Board of Directors held on 29 May 2025, the following resolution was passed regarding the dividend from retained earnings: (a) Total dividend ........................................ ¥526.286 million (b) Dividend per share .................................... ¥71 (c) Effective date of the dividend claim and payment commencement date ... 10 June 2025 At a meeting of the Board of Directors held on 13 November 2025, the following resolution was passed regarding the interim dividend for the period: (a) Total dividend ........................................ ¥259.683 million (b) Dividend per share .................................... ¥35 (c) Effective date of the dividend claim and payment commencement date ... 12 December 2025」
While maintaining its profit return targets of a consolidated payout ratio of at least 45% and DOE of at least 2.5%, the company approved a year-end dividend of ¥71 and an interim dividend of ¥35. The interim dividend was up from ¥24 in the same period of the previous year. - FY2025-H1AdvancedAnnual report
「At a meeting of the Board of Directors held on 13 November 2024, the following resolution was passed regarding the interim dividend for the period: (a) Total interim dividend ¥177.902 million (b) Dividend per share ¥24 (c) Effective date of the dividend claim and payment commencement date 10 December 2024」
Under its profit return policy targeting a consolidated payout ratio of at least 45% and DOE of at least 2.5%, the company approved an interim dividend of ¥24 per share. This was up from ¥20 in the same period of the previous year. - FY2024RaisedAnnual report
「To provide appropriate returns to shareholders, the company changed its profit return targets for the consolidated fiscal year from a consolidated payout ratio of at least 40% and DOE of at least 2% to a consolidated payout ratio of at least 45% and DOE of at least 2.5%.」
The company raised its profit return targets from a consolidated payout ratio of at least 40% and DOE of at least 2% to a consolidated payout ratio of at least 45% and DOE of at least 2.5%. The annual dividend was ¥62. - FY2024-Q3RestatedAnnual report
「At the Board of Directors meeting held on 10 November 2023, the Company resolved as follows regarding the interim dividend for the current fiscal year.」
Under its profit return policy targeting a consolidated payout ratio of at least 40% and DOE of at least 2%, the company paid an interim dividend of ¥20 per share. - FY2024-Q2AdvancedAnnual report
「At a meeting of the Board of Directors held on 10 November 2023, the following resolution was passed regarding the interim dividend for the period: (a) Total interim dividend ¥147.534 million (b) Dividend per share ¥20 (c) Effective date of the dividend claim and payment commencement date 11 December 2023」
Under its profit return policy targeting a consolidated payout ratio of at least 40% and DOE of at least 2%, the company approved an interim dividend of ¥20 per share. This was up from ¥18 in the same period of the previous year. - FY2024-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 29 May 2023, the following resolution was passed regarding the dividend from retained earnings: (a) Total dividend ........................................ ¥212 million (b) Dividend per share .................................... ¥29.00 (c) Effective date of the dividend claim and payment commencement date ... 8 June 2023」
Under its policy targeting a consolidated payout ratio of at least 40% and DOE of at least 2%, the year-end dividend for the fiscal year ended March 2023 was ¥29 per share, up from ¥24 in the previous year. - FY2023RaisedAnnual report
「The company regards the continuous and stable return of profits to shareholders as an important management priority and has set targets for returning profits to shareholders of a consolidated payout ratio of at least 40% and a consolidated dividend on equity (DOE) of at least 2%.」
The company raised its target consolidated payout ratio from the previous 35% to at least 40% and newly added a DOE target of at least 2%. The annual dividend was ¥47. - FY2023-Q3RestatedAnnual report
「At a meeting of the Board of Directors held on 14 November 2022, the following resolution was passed regarding the interim dividend for the period: (a) Total dividend ¥131.933 million (b) Dividend per share ¥18 (c) Effective date of the dividend claim 14 December 2022」
Under its stable shareholder return policy, the company approved an interim dividend of ¥18 per share and paid it with 14 December 2022 as the effective date. - FY2023-Q2AdvancedAnnual report
「At a meeting of the Board of Directors held on 14 November 2022, a resolution was passed regarding the interim dividend for the fiscal year as follows.」
The company approved an interim dividend of ¥18 per share, totaling ¥131.933 million. This was up from ¥14 per share in the same period of the previous year, continuing stable shareholder returns. - FY2023-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 30 May 2022, the following resolution was passed regarding the dividend from retained earnings.」
Under its stable shareholder return policy, the company paid a year-end dividend of ¥24 per share, totaling ¥175 million, for the fiscal year ended March 2022. This was up from the previous year's year-end dividend of ¥14 per share. - FY2022-Q3RestatedAnnual report
「At a meeting of the Board of Directors held on 12 November 2021, the company resolved the following with respect to the interim dividend for the fiscal year.」
The interim dividend of ¥14 per share, totaling ¥102.615 million, was approved and paid, continuing stable shareholder returns. - FY2022-Q2AdvancedAnnual report
「At a meeting of the Board of Directors held on 12 November 2021, the company resolved the following with respect to the interim dividend for the fiscal year.」
The company approved an interim dividend of ¥14 per share, totaling ¥102.615 million. This was up from ¥10 per share in the same period of the previous year, continuing stable shareholder returns. - FY2022-Q1RestatedAnnual report
「At a meeting of the Board of Directors held on 1 June 2021, the following resolution was passed regarding the dividend from retained earnings.」
Under its stable shareholder return policy, the company paid a year-end dividend of ¥14 per share, totaling ¥102 million, for the fiscal year ended March 2021. - FY2021Decline in Annual DividendAnnual report
「Following consideration of the dividend for the consolidated fiscal year under the basic policy described above, the year-end dividend was set at ¥14 per share, bringing the annual dividend to ¥24 per share together with the ¥10 interim dividend.」
The company maintained its stable dividend policy targeting a consolidated payout ratio of 35%, while the annual dividend declined to ¥24 from ¥34 in the previous fiscal year. - FY2021-Q2Decline in interim dividendAnnual report
「At a meeting of the Board of Directors held on 9 November 2020, the following resolution was passed regarding the interim dividend for the period: (a) Total interim dividend ¥73.297 million (b) Dividend per share ¥10 (c) Effective date of the dividend claim and payment commencement date 7 December 2020」
The company continued its stable shareholder returns and set the interim dividend at ¥10 per share. This was down from ¥14 per share in the same period of the previous year. - FY2021-Q1RestatedAnnual report
「At a meeting of the Board of Directors held on 2 June 2020, the following resolution was passed regarding the dividend from retained earnings.」
Under its stable shareholder return policy, the company paid a year-end dividend of ¥20 per share, totaling ¥146 million. - FY2020AdvancedAnnual report
「Following consideration of the dividend for the consolidated fiscal year under the basic policy described above, the year-end dividend was set at ¥20 per share, bringing the annual dividend to ¥34 per share together with the ¥14 interim dividend.」
The company maintained its target consolidated payout ratio of 35% and stable dividend policy, setting the annual dividend at ¥34, comprising an interim dividend of ¥14 and a year-end dividend of ¥20. - FY2020-Q3RestatedAnnual report
「At a meeting of the Board of Directors held on 8 November 2019, the following resolution was passed regarding the interim dividend for the period.」
Under its stable shareholder return policy, the company paid an interim dividend of ¥14 per share, totaling ¥102.283 million. - FY2020-Q2AdvancedAnnual report
「At a meeting of the Board of Directors held on 8 November 2019, the following resolution was passed regarding the interim dividend for the period: (a) Total interim dividend ¥102.283 million (b) Dividend per share ¥14 (c) Effective date of the dividend claim and payment commencement date 9 December 2019」
Under its stable shareholder return policy, the company approved an interim dividend of ¥14 per share, totaling ¥102.283 million. - FY2020-Q1RestatedAnnual report
「At a meeting of the Board of Directors held on 3 June 2019, the following resolution was passed regarding the dividend from retained earnings: (a) Total dividend ........................................ ¥103 million (b) Dividend per share .................................... ¥14.00 (c) Effective date of the dividend claim and payment commencement date ... 7 June 2019」
Under its stable shareholder return policy, the company paid a dividend of ¥14 per share, totaling ¥103 million. - FY2019AdvancedAnnual report
「Resolution status at the Board of Directors meeting (25 February 2019) (acquisition period: 26 February 2019 to 25 February 2020) 110,000 100,000,000」
While continuing its stable return policy targeting a 35% payout ratio, the company approved the acquisition of up to 110,000 treasury shares for a total of ¥100 million and acquired 37,500 shares during the fiscal year. - FY2019-Q3RestatedAnnual report
「At a meeting of the Board of Directors held on 8 November 2018, the following resolution was passed regarding the interim dividend for the period: (a) Total dividend ¥74.160 million (b) Dividend per share ¥10 (c) Effective date of the dividend claim 10 December 2018」
Under its stable shareholder return policy, the company approved an interim dividend of ¥10 per share, totaling ¥74.160 million. - FY2019-Q2RestatedAnnual report
「At a meeting of the Board of Directors held on 8 November 2018, the following resolution was passed regarding the interim dividend for the period: (a) Total interim dividend ¥74.160 million (b) Dividend per share ¥10 (c) Effective date of the dividend claim and payment commencement date 10 December 2018」
Under its stable shareholder return policy, the company approved an interim dividend of ¥10 per share, totaling ¥74.160 million. - FY2019-Q1RestatedAnnual report
「At a meeting of the Board of Directors held on 1 June 2018, the following resolution was passed regarding the dividend from retained earnings: (a) Total dividend ........................................ ¥103 million (b) Dividend per share .................................... ¥14.00 (c) Effective date of the dividend claim and payment commencement date ... 11 June 2018」
The company maintained its stable shareholder return policy and paid a dividend of ¥14 per share, totaling ¥103 million. - FY2018AdvancedAnnual report
「Following consideration of the dividend for the consolidated fiscal year under the basic policy described above, the year-end dividend was set at ¥14 per share, bringing the annual dividend to ¥24 per share together with the ¥10 interim dividend.」
The company maintained its target consolidated payout ratio of 35% and stable dividend policy, setting the annual dividend at ¥24, comprising an interim dividend of ¥10 and a year-end dividend of ¥14. - FY2018-Q2RestatedAnnual report
「At a meeting of the Board of Directors held on 31 October 2017, the following resolution was passed regarding the interim dividend for the period: (a) Total interim dividend ¥74.160 million (b) Dividend per share ¥10 (c) Effective date of the dividend claim and payment commencement date 8 December 2017」
An interim dividend of ¥10 per share was approved, continuing stable shareholder returns. - FY2018-Q1RestatedAnnual report
「At a Board of Directors meeting held on 6 June 2017, the Company resolved to pay dividends from retained earnings as follows.」
A dividend of ¥10 per share, totaling ¥74 million, was approved, continuing stable shareholder returns. - FY2017ReframedAnnual report
「To date, alongside strengthening product competitiveness through active investment in research and development, we have emphasized maintaining stable dividends and set a target consolidated payout ratio of 35% as an indicator of profit returns to shareholders.」
The target payout ratio of 35% changed from being based on standalone performance to being based on consolidated performance. The annual dividend is ¥10 per share for each of the interim and year-end dividends, for a total of ¥20. - FY2017-Q3AdvancedAnnual report
「① Reason for cancellation Enhancement of shareholder value through a reduction in the number of shares outstanding ④ Total number of shares to be cancelled 900,000 shares ⑤ Scheduled cancellation date 28 February 2017」
The Board of Directors resolved to cancel 900,000 treasury shares on 28 February 2017 to enhance shareholder value. At the time of filing, the cancellation was scheduled and had not been stated to be complete. - FY2017-Q2RestatedAnnual report
「At a meeting of the Board of Directors held on 31 October 2016, the company resolved as follows regarding the interim dividend for the current fiscal year.」
The Company resolved to pay an interim dividend of ¥10 per share, totaling ¥74.160 million, continuing stable shareholder returns. - FY2017-Q1RestatedAnnual report
「28 June 2016 Annual General Meeting Common shares 73,915 10 31 March 2016 29 June 2016 Retained earnings」
A dividend of ¥10 per share was paid on common shares, demonstrating a track record of stable shareholder returns. - FY2016First statedAnnual report
「The Company has identified “enhancing shareholder value” as a management policy and recognizes the continued and stable return of profits to shareholders as an important management issue. Alongside strengthening product competitiveness through active investment in research and development, we have made maintaining stable dividends a basic policy and set a target payout ratio of 35% based on standalone performance to enhance profit returns when business performance expands.」
The Company has adopted an integrated policy covering higher shareholder value, stable dividends and a 35% payout ratio target based on standalone performance.